Deep Industries Limited — JV/Acquisition, 04-02-2025: Acquisition

Deep Industries Limited's wholly owned subsidiary, Deep Onshore Services, is set to acquire Kandla Energy and Chemicals as a going concern, following an order from the National Company Law Tribunal. This strategic acquisition is aimed at bolstering Deep's operational capabilities and enhancing its portfolio. While specific financial terms have not been disclosed, the move is expected to unlock value for shareholders by positioning the company favorably in the market, allowing for improved operational efficiencies in the long run.